The primary EA utilizes RSI and price extremes for entry signals, managing trades through a grid with tiered lot multipliers. It features smart distance calculations using ATR ratios and a dynamic take-profit based on Bollinger Band width. Risk is managed through deposit load scaling, equity-based basket stops, and daily loss limits, though individual trades lack a standard stop loss by default.
Read from WakaClone_EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
InpRsiPeriod
int
20
RSI period
InpRsiOffset
double
15.0
RSI offset from 50 (15 -> buy<35 / sell>65)
InpBBPeriod
int
35
BB / extreme-lookback period
InpExtremeFilt
bool
true
Require close beyond N-bar low/high
InpAllowLong
bool
true
Allow buy grids
InpAllowShort
bool
true
Allow sell grids (original hedges both)
InpStepPips
double
35.0
Grid step (pips)
InpSmartDist
bool
true
Smart distance: step x ATR96/ATR672 [1..1.5]
InpAtrFast
int
96
Fast ATR period
InpAtrSlow
int
672
Slow ATR period
InpMult2nd
double
1.0
2nd trade multiplier
InpMult3to5
double
2.0
3rd-5th trade multiplier
Show all 27 inputs
Name
Type
Default
Description
InpMult6plus
double
1.6
6th+ trade multiplier
InpMaxTrades
int
8
Max trades per grid
InpLotMethod
ENUM_LOT_METHOD
LOT_DEPOSIT_LOAD
Base lot method
InpDepositLoad
double
0.25
Deposit load % (0.25=low ... 1.5=high risk)
InpDynPerAmt
double
2000
Dynamic: 0.01 lots per this balance
InpFixedLots
double
0.01
Fixed lots
InpTpPips
double
10.0
TP distance from weighted average (pips)
InpSmartTP
bool
true
Smart TP: TpPips% of BB width (10 -> 10%)
InpSlPips
double
0
Stop-loss pips (0 = none, like original)
InpEquityStopPct
double
25.0
Basket equity stop (% equity, 0 = off)
InpMaxTotalLots
double
1.0
Hard cap on summed lots per basket
InpMaxDailyLoss
double
30.0
Daily loss halt (% of day-start equity)
InpMaxSpreadPts
int
30
Max spread (points)
InpAllowLive
bool
false
Allow LIVE account (leave false!)
InpMagic
long
777004
Magic number
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone 71053-arch/MT5-waka-waka-and-xauusd-inspired-EA from GitHub, and unzip it.
2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
3Copy the filesCopy the .mq5 file into Experts.
4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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